Oxford Industries, Inc. (NYSE: OXM) was targeted for a sharp rise in short positions in August. As of August 31, there was short interest totaling 576,400 shares, an increase of 27.6% from August 15 with a total of 451,600 shares. Currently, 3.6% of the company’s shares are short. Based on an average daily volume of 140,600 shares, the short interest ratio is currently 4.1 days.
OXM has been the subject of a number of research analyst reports. KeyCorp raised its target price for Oxford Industries from USD 103.00 to USD 135.00 and rated the company as “overweight” in a research report on Thursday June 10th. TheStreet upgraded Oxford Industries from a “c” rating to a “b” rating in a research report on Thursday September 2nd. B. Riley raised his target price for Oxford Industries from $ 106.00 to $ 120.00 and rated the company as a “Buy” in a research report on Thursday June 10th. raised its target price for Oxford Industries from USD 90.00 to USD 112.00 and rated the company as “neutral” in a research report on Thursday, June 10th. Finally, Citigroup raised its target price for Oxford Industries from USD 90.00 to USD 112.00 and rated the company as “neutral” in a research report on Thursday, June 10th. Three research analysts for stocks have given the stock a hold rating and three have given it a buy rating. According to data from MarketBeat.com, the stock currently has an average “Buy” rating and an average price target of $ 116.33.
A number of hedge funds and other institutional investors have recently increased or decreased their stakes in OXM. FMR LLC increased its stake in Oxford Industries by 5.4% in the first quarter. FMR LLC now owns 279,372 shares in the textile maker valued at $ 21,025,000 after purchasing an additional 14,361 shares during the reporting period. Victory Capital Management Inc. made a new position in Oxford Industries stocks for approximately $ 204,000 in the first quarter. Envestnet Asset Management Inc. increased its stake in Oxford Industries shares by 7.5% in the first quarter. Envestnet Asset Management Inc. now owns 7,930 shares in the textile maker valued at $ 693,000 after purchasing an additional 553 shares last quarter. Commerce Bank increased its stake in Oxford Industries shares 9.6% in the first quarter. Commerce Bank now owns 5,347 shares in the textile maker, valued at $ 468,000, after purchasing an additional 470 shares last quarter. Finally, Rhumbline Advisers increased its stake in Oxford Industries shares by 1.0% in the first quarter. Rhumbline Advisers now owns 58,183 shares in the textile maker, valued at $ 5,086,000, after purchasing an additional 576 shares last quarter. 84.19% of the shares are owned by institutional investors.
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Oxford Industries stock traded around $ 2.60 during Monday’s trading hours to hit $ 84.21. 2,272 shares of the stock were traded in hands compared to an average volume of 113,325. The company’s 50-day moving average price is $ 90.60 and the 200-day moving average price is $ 91.77. The stock has a market capitalization of $ 1.42 billion, a price-to-earnings ratio of 25.76, and a beta of 1.83. Oxford Industries has a 1-year low of $ 37.89 and a 1-year high of $ 114.47.
Oxford Industries (NYSE: OXM) last released its earnings results on Wednesday September 1st. The textile maker reported $ 3.24 EPS for the quarter, beating analysts’ consensus estimates of $ 2.33 by $ 0.91. The company had revenue of $ 328.70 million for the quarter, compared to the consensus estimate of $ 308.19 million. Oxford Industries had a return on equity of 18.81% and a net margin of 5.76%. The company’s sales increased 71.2% compared to the same quarter of the previous year. For the same quarter last year, the company had earnings per share ($ 0.38). Sell-side analysts expect Oxford Industries to achieve earnings per share of 6.68 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 29th. Investors registered on Friday October 15th will receive a dividend of $ 0.42. The ex-dividend date of this dividend is Thursday October 14th. This equates to an annual dividend of $ 1.68 and a yield of 2.00%. Oxford Industries’ payout ratio is -92.82%.
About Oxford Industries
Oxford Industries, Inc. is engaged in the design, procurement, marketing and sales of apparel products. Brands include Tommy Bahama, Lilly Pulitzer, Southern Tide and licensed brands for bespoke apparel and golf apparel. The company was founded in 1942 by John Hicks Lanier and Sartain Lanier and is headquartered in Atlanta, GA.
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